Author: Nisha Chawla

These days, getting a personal loan is as easy as ordering food online. Thanks to apps and websites, people can apply for loans from their phones in just a few minutes. But while taking a loan is quick, handling it properly till the end is just as important. Most people relax after paying the last EMI, but forget that their responsibilities don’t end there. In fact, some very important steps begin only after the loan is closed. If you skip them, you may face big trouble later. Let’s understand what you should do immediately after closing your personal loan to…

As your income increases, a crucial financial question often arises—should you use the extra money to repay your home loan faster or invest in Systematic Investment Plans (SIPs) to grow wealth? It’s a practical dilemma faced by salaried professionals and self-employed individuals alike. Both choices seem promising. One helps you become debt-free sooner, while the other grows your wealth for the long term. But how do you choose what’s best for you? Let’s break this down in the simplest way possible. Understanding the Home Loan Prepayment Option A home loan is one of the largest debts most people take. If…

A wedding is a special event filled with happiness, traditions, and unforgettable moments. However, the cost of a wedding can be overwhelming, from venue bookings and catering to decorations and outfits. Many people plan their dream wedding but struggle with finances. In such cases, a marriage loan can be a great solution. This article explains how to apply for a marriage loan, eligibility requirements, interest rates, and important things to keep in mind. What is a Marriage Loan? A marriage loan is a type of personal loan designed to cover wedding expenses. It can be used for venue booking, catering,…

A personal loan can be a great financial tool when you need urgent cash for medical emergencies, home renovation, travel, or any big expense. However, many people make mistakes that increase their financial burden instead of solving their problems. If you have taken a personal loan or are planning to apply for one, it is crucial to avoid these 7 common mistakes to prevent financial stress and unnecessary extra payments. 1. Missing EMI Payments – Leads to Penalties & Credit Score Drop Many borrowers fail to pay their EMIs (Equated Monthly Installments) on time, which results in:✅ Late payment penalties…

When traveling internationally, hidden costs like foreign exchange (forex) markup fees can make your expenses skyrocket. Most credit cards charge a forex markup fee of 2-3.5% on every transaction made in a foreign currency. However, some premium travel credit cards come with zero forex charges, making them the perfect companions for globetrotters. If you frequently travel abroad, choosing the right card can save you a significant amount while providing added travel benefits. Here’s a list of the top six credit cards in India that offer zero forex markup fees along with exciting travel perks. 1. Niyo Global Credit Card Why…

In the digital age, online shopping has become an integral part of our lives. To make the most of your online purchases, choosing the right credit card can lead to significant savings through cashback offers. Here’s a curated list of the top 7 credit cards in India that provide exceptional cashback benefits for online shoppers. ​ 1. SBI Cashback Credit Card Why It’s Great: The SBI Cashback Credit Card is ideal for those who frequently shop online across various platforms, offering substantial cashback without category limitations. 2. Amazon Pay ICICI Credit Card Why It’s Great: This card is perfect for…

Financial emergencies can strike at any time—be it a medical crisis, urgent home repairs, or a sudden job loss. When faced with an immediate cash crunch, people often find themselves choosing between dipping into their emergency fund or opting for a personal loan. While both options have their pros and cons, making the right choice depends on various factors, including your financial stability, borrowing capacity, and repayment ability. Understanding Emergency Funds An emergency fund is a dedicated savings account set aside for unforeseen expenses. It acts as a financial cushion to help you navigate difficult times without relying on external…

Owning a house is a big achievement, but maintaining and upgrading it over time is equally important. Whether it’s fixing old structures, remodeling the kitchen, or giving your home a modern touch, home renovations can be expensive. If you don’t want to drain your savings, a home renovation loan can help you finance these improvements without financial burden. What Is a Home Renovation Loan? A home renovation loan is a type of financing that helps homeowners cover the cost of repairs, remodeling, or upgrades. It is different from a regular home loan, as it is used to improve an existing…

Buying a home is a dream for many, and taking a home loan helps make that dream a reality. However, if you are planning to take a home loan at the age of 40, careful financial planning is essential to avoid excessive EMI stress. Unlike younger borrowers, you have fewer working years left, which makes loan tenure and repayment strategy crucial. Here’s how you can make a wise home loan decision at 40 without putting unnecessary strain on your finances. 1. Choose a Shorter Loan Tenure At 40, you have around 20 years before retirement. While banks may offer home…

Digital payments have revolutionized the way we transfer money, making transactions faster, more convenient, and cashless. Whether it’s buying groceries, paying bills, or transferring funds, digital payment systems like UPI, NEFT, IMPS, and RTGS play a crucial role. But how do these systems work? What are the charges involved? Let’s break it down in simple terms. Understanding Digital Payments Digital payments refer to transactions made electronically without the need for physical cash. These payments are processed through banks, mobile wallets, or financial service providers. India has a robust digital payment ecosystem with various methods catering to different needs. 1. Unified…